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Arco Resources 5.5-million-share private placement

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Arco Resources 5.5-million-share private placement

Arco Resources Corp (C:ARR)
Shares Issued 60,117,671
Last Close 7/30/2010
.06
Friday July 30 2010 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Arco Resources Corp. announced June 21, 2010:

Number of shares: 5.5 million shares

Purchase price: six cents per share

Warrants: 5.5 million share purchase warrants to purchase 5.5 million shares

Warrant exercise price: 10 cents for a two-year period

Hidden placee: one

Insider: Donald Farris five million

Finders' fees: Mackie Research Capital Corp. will receive a finder's fee of $3,000. R.I.G Consulting Inc. (Duncan Brown) will receive a finder's fee of $33,000.

Shareholder approval will be required in the event Mr. Farris exercises that number of warrants that would result in the creation of a control position.

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